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, but that equals higher interest rates, and will equal higher inflation and weak u.s. dollar and that will be the recipe for a double dip recession in my mind. >> adam, i know that you have been somewhat of a fan of spending and feels like desperation in and around the obama camp, will they be able to get it through? >> well, i don't know, charles, i don't know if it is desperation, it is certainly frustration, you know and i did not get my college degree in economics, i also didn't get it at a baking school. i understand why he got a little bit upset, that is not neil's normal fare, but, look, the most important point here, i don't know if it is this right time for more spending, it's not the time for austerity, at least the guy -- his position is intellectually defensible. >> it is. >> need to be sure -- yes. we need to make sure we don't do what happened in the depression. cut off the spending, at the wrong time, and, send things going down again, that is what he's saying, i don't know if he's right but it is not crazy to say that. >> i have to tell you, i can see the unio
dangerous. >> u.s. officials estimate that iran perhaps within two years will have a nuclear warhead it can put on a ballistic missile that can strike israel, europe, much of the world. do you have a deadline in your own mind for how long you are willing to let diplomacy play out? >> there has only been one time that iran actually stopped the program and that was when it feared u.s. military action. so, the -- when the president says that he is determined to prevent iran from developing nuclear weapons, and that all options are on the table, i think that is the right statement of policy. you ask what is our policy? our policy is very simple. the jewish state was set up to defend jewish lives and we always reserve the right to defend ourselves. >> chris: do you have a deedline in your mind for how long you are willing to let diplomacy play out. >> i think we always reserve the right to defend our service. >> chris: do you believe that a nuclear iran can be contained. >> no, i don't. i think that is a mistake. and i think people fall into a misconception. >> chris: so it must be stopped? >> y
hasn't been cleared up. economist bob shiller called this a plan for a plan and according to the u.s. chamber of commerce there are going to be more than 500 new rules, created, made by all the different regulators. compare that to 16 for sarbanes oxley. so if anybody tells you they know how this is going to impact everybody in the country, every financial institution, they have no idea and we don't even know, have any idea whose hands this really winds up in. >> you know, the basic structure of the banks remain in place, the structure that led to the massive balance and risk taking, i mean, citigroup combines trading and insures deposits, it's still there and not changing that, just a couple of-- >> what's the rule on proprietary trading. >> you don't want to get into it. >> you've got arcane here, but-- >> that was a big bug a boo. >> 90% of the trading that caused what happened can still go on. >> what's the big deal. >> yeah, but the bigger deal-- >> eliminating some of the bad regulators alone, just take what happened with aig, within this-- >> a bad regulator. >> regulator shop
potentially facing the largest tax hike in u.s. history. confidence is shaken. they don't know who to believe and i've heard it time and again, from ceo's and small and large, we're not going to hire and we might layoff people because we don't know where we stand in terms of taxes and regulation in this country. >> neil: we're doing nothing now that hints of addressing larger big spending concerns. reluctance to even touch social security, the reluctance to even address medicare on its 45th birthday. i mean, bottom line, we're not facing up to the big decisions, even leaving tax matters out of this. >> yeah, but you can't leave tax matters out of it, neil. they're facing up to it by raising taxes and it's not the most desirable way to do it. the amount of waste in state and local government spending is almost beyond calculation, if we could get rid of that, we could have enormous progress to fiscal sanity in the country and we don't seem to be getting rid of it. i think the tax cuts probably will get through and probably will be a drag on the economy although we don't know for sure and we don
on the flotilla, u.s. companies are putting the brakes on spending, i kid you not. and >> gaza, greece and the gulf oil spill. all forcing ceo's not to spend the nearly 2 trillion dollars in their bank accounts. that's what the white house chief of staff rahm emanuel is calling them. i speak to a lot of ceo's, my friends, but not the tune they've been singing today. >> businesses aren't willing to advance, they don't know what health care mean, they know it's bad for them. they don't know what tax increases are going to be. they're going to have new regulations, nobody knows the extent of them yet. you have a lot more regulatory pressure coming down and we're very uncertain about where this economy is going because you do not have the feeling that this administration really understands how the economy works. >> not a one. not a one. >> instead of the g-force should have been the f-force, the fierce battle against business, the failed stimulus and the future bankruptcy of this nation. the only thing that rahm emanuel mentioned that had a little bit of credence was greece, ghost of chris
Search Results 0 to 4 of about 5